Top Shipping Stocks To Add to Your Watchlist - August 1st

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Shopify, United Parcel Service, Blackstone, Carrier Global, and Etsy are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies whose primary business is transporting goods and commodities by sea, including container carriers, bulk carriers and tankers. Their performance tends to track global trade volumes and freight rates—such as the Baltic Dry Index—and can be more cyclical and volatile than broader market averages. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

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NYSE:SHOP traded down $3.51 on Friday, hitting $118.70. The company's stock had a trading volume of 8,277,714 shares, compared to its average volume of 10,347,728. The stock has a fifty day moving average of $113.56 and a two-hundred day moving average of $106.44. The firm has a market capitalization of $154.00 billion, a P/E ratio of 76.58, a price-to-earnings-growth ratio of 4.82 and a beta of 2.61. Shopify has a one year low of $48.56 and a one year high of $129.38.

Read Our Latest Research Report on SHOP

United Parcel Service (UPS)

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United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

NYSE:UPS traded down $1.60 on Friday, hitting $84.56. The company's stock had a trading volume of 8,993,858 shares, compared to its average volume of 6,247,010. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The stock has a fifty day moving average of $99.53 and a two-hundred day moving average of $106.42. The firm has a market capitalization of $71.61 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21. United Parcel Service has a one year low of $84.28 and a one year high of $145.01.

Read Our Latest Research Report on UPS

Blackstone (BX)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

NYSE:BX traded down $2.56 during mid-day trading on Friday, hitting $170.40. 2,687,341 shares of the stock were exchanged, compared to its average volume of 4,280,699. The stock has a market capitalization of $124.33 billion, a price-to-earnings ratio of 45.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.65. The firm's 50-day simple moving average is $151.86 and its 200 day simple moving average is $150.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.74. Blackstone has a fifty-two week low of $115.66 and a fifty-two week high of $200.96.

Read Our Latest Research Report on BX

Carrier Global (CARR)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

NYSE:CARR traded down $1.67 during mid-day trading on Friday, hitting $66.96. 3,580,350 shares of the stock were exchanged, compared to its average volume of 5,357,836. The stock has a market capitalization of $57.40 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.86 and a beta of 1.31. The firm's 50-day simple moving average is $73.43 and its 200 day simple moving average is $68.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.83 and a current ratio of 1.17. Carrier Global has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Read Our Latest Research Report on CARR

Etsy (ETSY)

Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

NASDAQ:ETSY traded up $0.37 during mid-day trading on Friday, hitting $58.64. 3,118,916 shares of the stock were exchanged, compared to its average volume of 4,819,192. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 47.29, a price-to-earnings-growth ratio of 3.36 and a beta of 1.74. Etsy has a fifty-two week low of $40.05 and a fifty-two week high of $68.45. The firm's 50-day simple moving average is $56.68 and its 200 day simple moving average is $51.42.

Read Our Latest Research Report on ETSY

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